Maple sticks with £2.4bn offer price for TMX
The all-Canadian consortium attempting to gatecrash the London Stock Exchange's plans to take over Toronto Stock Exchange operator TMX is expected to stick to its £2.4bn offer.
A source close to Maple Group's plans has said it did not intend to sweeten its bid.
The alliance of Canadian banks and pension and investment firms, is also hoping to buy Canadian alternative trading system Alpha Group and is said to be confident it would win competition authorities approval for this part of its plan.
Maple turned up the heat on the LSE's plans on Monday when it officially launched a hostile bid for TMX.
LSE (down 16p at 939p) and TMX shareholders will vote on their proposed friendly tie up on June 30.
Most watched Money videos
- The new Volkswagen Passat - a long range PHEV that's only available as an estate
- Paul McCartney's psychedelic Wings 1972 double-decker tour bus
- MG unveils new MG3 - Britain's cheapest full-hybrid car
- German car giant BMW has released the X2 and it has gone electric!
- Mini unveil an electrified version of their popular Countryman
- Iconic Dodge Charger goes electric as company unveils its Daytona
- BMW's Vision Neue Klasse X unveils its sports activity vehicle future
- How to invest for income and growth: SAINTS' James Dow
- How to invest to beat tax raids and make more of your money
- BMW meets Swarovski and releases BMW i7 Crystal Headlights Iconic Glow
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- Skoda reveals Skoda Epiq as part of an all-electric car portfolio
- 'It's unprecedented': Amazon hits back at CMA focus on...
- Investors to vote on plans to double London Stock...
- Car insurers to make pay monthly cheaper and fairer after...
- Sainsbury's enjoys food sales boost months after...
- BUSINESS LIVE: Barclays profits slip; Sainsbury's ups...
- Meta announces it is to plough billions into artificial...
- Nationwide's £200 switching bonus saw a record 163,000...
- One-off payouts drive UK dividends to £15.6bn in the...
- MARKET REPORT: Reckitt cleans up but Footsie gives up gains
- Is there a risk that inflation falls below 2% and then...
- Boeing burns through £1bn a month to contain 737 safety...
- Schroders boss Peter Harrison to retire in 2025 after...
- Windfall tax is driving UK oil and gas producers to...
- Warpaint London shares continue meteoric rise as profits...
- Lloyds cheers green shoots in housing market - but takes...
- Mini's electric ace up its sleeve: New Aceman EV has a...
- Tory windfall tax war 'is killing off North Sea oil'......
- Tesla shares rocket after pledge to bring forward launch...